Interactive Brokers Group (IBKR) Set to Announce Quarterly Earnings on Tuesday

Interactive Brokers Group (NASDAQ:IBKR) will be posting its quarterly earnings results after the market closes on Tuesday, July 16th. Analysts expect Interactive Brokers Group to post earnings of $1.62 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Tuesday, April 16th. The financial services provider reported $1.64 EPS for the quarter, beating the consensus estimate of $1.63 by $0.01. Interactive Brokers Group had a return on equity of 4.72% and a net margin of 7.62%. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.19 billion. On average, analysts expect Interactive Brokers Group to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Interactive Brokers Group Stock Up 0.5 %

NASDAQ:IBKR opened at $121.61 on Monday. The stock has a fifty day simple moving average of $123.44 and a 200 day simple moving average of $110.15. The firm has a market capitalization of $51.21 billion, a price-to-earnings ratio of 20.79, a price-to-earnings-growth ratio of 0.95 and a beta of 0.81. Interactive Brokers Group has a 1-year low of $72.60 and a 1-year high of $129.19.

Interactive Brokers Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were given a $0.25 dividend. This is an increase from Interactive Brokers Group’s previous quarterly dividend of $0.10. This represents a $1.00 annualized dividend and a dividend yield of 0.82%. The ex-dividend date was Friday, May 31st. Interactive Brokers Group’s dividend payout ratio (DPR) is 17.09%.

Wall Street Analyst Weigh In

IBKR has been the subject of several research analyst reports. Barclays upped their price target on shares of Interactive Brokers Group from $136.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, July 10th. UBS Group lifted their price target on Interactive Brokers Group from $135.00 to $145.00 and gave the company a “buy” rating in a report on Tuesday, July 9th. Citigroup increased their price objective on Interactive Brokers Group from $105.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Keefe, Bruyette & Woods cut Interactive Brokers Group from an “outperform” rating to a “market perform” rating and lifted their target price for the company from $128.00 to $135.00 in a research note on Thursday. Finally, Jefferies Financial Group upped their target price on Interactive Brokers Group from $138.00 to $150.00 and gave the company a “buy” rating in a report on Monday, July 8th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $132.11.

About Interactive Brokers Group

Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company engages in the execution, clearance, and settlement of trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), precious metals, and cryptocurrencies.